Puainako Heights is a fee simple, residential real estate development opportunity located approximately five miles above the town of Hilo, on the Big Island of Hawaii. Offered for sale are approximately 130 usable acres and a total of 57 separate tax parcels. Zoning allows between 440 and 820 units, in both Single- and Multi-Family configurations. 317 municipal water meters are included. Puainako Heights is probably the only residential development opportunity in east Hawaii with a significant commitment of municipal water meters. The site may be developed as either a build-to-rent project or fee simple neighborhood. RM zoning allows some uses beyond long-term housing. Property is in foreclosure. Contact Aaron Lee at (808) 960-3138 or aaron_lee@live.com for disclosures and more information.